๐จ๐จ #MoscowExchange ๐จ๐จ
๐จ Russia's Crypto Trading Shake-Up! ๐จ
โก MOEX Backs Out โ No Crypto Trading on Moscow Exchange โก
โ MOEX (Moscow Exchange) has officially withdrawn from Russiaโs pilot program for cryptocurrency trading.
๐ข Nikolai Trunichkin (MOEXโs Digital Projects Head): "We have no plans to trade crypto."
๐ Saint Petersburg Stock Exchange (SPB) Steps Up! ๐
โ SPB Exchange has confirmed its participation in the crypto trading pilot, moving ahead where MOEX stepped back.
๐ Russiaโs financial authorities are positioning SPB Exchange as a key player in regulated crypto markets.
โ๏ธ Regulatory Shift: No National Crypto Exchange! โ๏ธ
๐น Original Plan: A centralized, national crypto exchange under MOEX.
๐น New Approach: Private exchanges will operate under central bank oversight, allowing multiple players in the market.
๐ฅ What This Means:
๐ Russiaโs crypto market is evolving fast, shifting from a government-controlled model to a more regulated private exchange system.
๐ SPB Exchange is now the one to watch!
๐ Latest Reports: Finance Magnates